In this Pound v Euro forecast, it may interest you to know that support for the Prime Minister, Theresa May, has once again started to fall. This is because a number of senior Tories have voiced their reservations over current plans.
Many are against the plans to continue the talks between the Tories and the Labour Party, and at the moment they do not appear to be progressing.
The talks have been going for 6 weeks so far and, with few developments, I cannot see much further progress being made.
Therefore, as the House of Commons is due to be meeting early next month, to decide on yet another Brexit proposal, I think we could see more of the same.
Since the voting in the House of Commons on the subject of Brexit over the last few months, it has become very clear that MPs are not in favour of supporting the Brexit deal.
Another failed attempt to get the plan through is likely to put more pressure on Theresa May.
In her previous vote, Theresa May lost by a total of 48. So, I think it will be extremely difficult to get the support she needs to press ahead with Brexit.
Pound Euro exchange rate forecast
With the cross party talks failing, this has caused the Pound to fall to hit 1.14 during yesterday’s trading session. I think we could see further drops ahead for the Pound vs the Euro.
European elections are also just a week away, and this could put further pressure on the Pound against the Euro. This is because, if the Brexit party gets more support, this could provide more of a challenge to the political landscape.
If you would like to save money on exchange rates compared to using your own bank, then contact me directly for a free quote. I look forward to hearing from you.
Tom Holian firstname.lastname@example.org